PERSEUS MINING LIMITED — Major Shareholding Notification 2022

Jul 31, 2022

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

106 808 986

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

	Previous notice		Present notice
Class of securities (4)	Person's votes	Voting power (5)	Person's votes	Voting power (5)
Ordinary shares	122,582,732	9.99%	150,006,001	10.99%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (6)	Considerationgiven in relationto change (7)	Class andnumber ofsecuritiesaffected	Person's votesaffected
	Van Eck AssociatesCorporation (VEAC)	See Annexure A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of	Registered	Person entitled	Nature of	Class and	Person's votes
relevant	holder of	to be registered	relevant	number of
interest	securities	as holder (8)	interest (6)	securities
VEAC	State Street Bankand Trust Companyas custodian forVanEck Africa IndexETF	VanEck AfricaIndex ETF (AFK)	VEAC holds its relevantinterest by having thepower to exercise, controlthe exercise of, orinfluence the exercise of,the voting powers ordisposal of the securitiesto which the relevantinterest relates in theordinary course ofinvestment managementbusiness.	Ordinary shares922,421	0.07%

VEAC	State Street Bankand Trust Companyas custodian forVanEck Gold MinersETF	VanEck GoldMiners ETF (GDX)	Same as above.	Ordinary shares73,937,881	5.42%
VEAC	State StreetAustralia Limited ascustodian forVanEck Gold MinersETF (AU)	VanEck GoldMiners ETF(GDXAU)	Same as above.	Ordinary shares1,876,471	0.14%
VEAC	State Street Bankand Trust Companyas custodian forVanEck Junior GoldMiners ETF	VanEck Junior GoldMiners ETF (GDXJ)	Same as above.	Ordinary shares62,097,091	4.55%
VEAC	State Street Bankand Trust Companyas custodian forVanEck NaturalResources ETF	VanEck NaturalResources ETF(HAP)	Same as above.	Ordinary shares36,118	0.00%
VEAC	State StreetCustodial Services(Ireland) Limited asdepositary forVanEck GlobalMining UCITS ETF	VanEck GlobalMining UCITS ETF(UCTGDIG)	Same as above.	Ordinary shares383,187	0.03%
VEAC	State StreetCustodial Services(Ireland) Limited ascustodian forVanEck Gold MinersUCITS ETF	VanEck GoldMiners UCITS ETF(UCTGDX)	Same as above.	Ordinary shares4,620,518	0.34%
VEAC	State StreetCustodial Services(Ireland) Limited ascustodian forVanEck Junior GoldMiners UCITS ETF	VanEck Junior GoldMiners UCITS ETF(UCTGDXJ)	Same as above.	Ordinary shares6,132,314	0.45%

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
VEAC	666 Third Avenue, New York, NY 10017
Van Eck Securities Corporation	666 Third Avenue, New York, NY 10017
Van Eck Absolute Return Advisers, Inc.	666 Third Avenue, New York, NY 10017
VanEck Australia Pty Ltd	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000
VanEck Investments Limited	Level 4 Aurora Place, 88 Phillip Street, Sydney NSW 2000
VanEck Asset Management B.V.	Barbara Strozzilaan 310, 1083 HN Amsterdam, Netherlands

Signature

			print name Ashley Sousa		capacity	Manager - PortOps
		sign here			date	29/07/2022
				DIRECTIONS
(1)		is clearly set out in paragraph 6 of the form.	If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager andtrustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar,they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members
(2)			See the definition of "associate" in section 9 of the Corporations Act 2001.
(3)			See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
(4)			The voting shares of a company constitute one class unless divided into separate classes.
(5)			The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
(6)		Include details of:
	(a)		any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copyof any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract,scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
	(b)		any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of thesecurities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
			See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.
(7)			Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may,become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of acontingency. Details must be included on any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if theyare not paid directly to the person from whom the relevant interest was acquired.
(8)			If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown'".
(9)			Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
AFK	06/17/2022	B	1,749,211.39	-	922,421
GDX	09/22/2021	S	-	In-Kind	29,560
GDX	09/27/2021	S	-	In-Kind	280,820
GDX	09/30/2021	B	-	In-Kind	177,408
GDX	10/01/2021	S	-	In-Kind	214,397
GDX	10/04/2021	S	-	In-Kind	29,580
GDX	10/05/2021	S	-	In-Kind	147,880
GDX	10/06/2021	S	-	In-Kind	184,850
GDX	10/07/2021	S	-	In-Kind	96,122
GDX	10/25/2021	B	-	In-Kind	177,408
GDX	10/27/2021	B	-	In-Kind	177,384
GDX	10/29/2021	B	-	In-Kind	110,865
GDX	11/03/2021	B	-	In-Kind	221,730
GDX	11/05/2021	B	-	In-Kind	332,595
GDX	11/05/2021	B	216,229.35	-	134,210
GDX	11/08/2021	B	-	In-Kind	29,564
GDX	11/09/2021	B	-	In-Kind	184,775
GDX	11/10/2021	B	-	In-Kind	66,519
GDX	11/11/2021	B	-	In-Kind	81,301
GDX	11/15/2021	S	-	In-Kind	88,692
GDX	11/23/2021	S	-	In-Kind	14,784
GDX	11/29/2021	B	-	In-Kind	29,568
GDX	12/01/2021	S	-	In-Kind	81,433
GDX	12/02/2021	S	-	In-Kind	303,523
GDX	12/07/2021	B	-	In-Kind	29,612
GDX	12/14/2021	S	-	In-Kind	266,940
GDX	12/15/2021	S	-	In-Kind	378,165
GDX	12/16/2021	S	-	In-Kind	96,408
GDX	12/17/2021	S	-	In-Kind	215,035
GDX	12/17/2021	S	10,386,488.76	-	6,641,383
GDX	12/29/2021	S	-	In-Kind	337,467
GDX	12/30/2021	S	-	In-Kind	198,510
GDX	01/05/2022	S	-	In-Kind	496,350
GDX	01/06/2022	S	-	In-Kind	46,326
GDX	01/07/2022	S	-	In-Kind	390,521
GDX	01/10/2022	S	-	In-Kind	52,952
GDX	01/11/2022	S	-	In-Kind	542,758
GDX	01/26/2022	S	-	In-Kind	105,872
GDX	01/31/2022	S	-	In-Kind	6,617
GDX	02/01/2022	S	-	In-Kind	165,425
GDX	02/04/2022	S	-	In-Kind	172,016
GDX	02/08/2022	B	139,898.73	-	94,142
GDX	02/10/2022	S	-	In-Kind	26,460

Page 8 1 of

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
GDX	02/14/2022	B	-	In-Kind	79,416
GDX	02/16/2022	B	-	In-Kind	198,480
GDX	02/18/2022	B	-	In-Kind	112,489
GDX	02/23/2022	S	-	In-Kind	112,489
GDX	02/24/2022	B	-	In-Kind	79,392
GDX	02/25/2022	B	-	In-Kind	132,320
GDX	02/28/2022	S	-	In-Kind	39,720
GDX	03/01/2022	S	-	In-Kind	19,863
GDX	03/02/2022	B	-	In-Kind	264,800
GDX	03/07/2022	B	-	In-Kind	225,216
GDX	03/08/2022	B	391,942.92	-	208,890
GDX	03/10/2022	B	-	In-Kind	66,590
GDX	03/11/2022	S	-	In-Kind	259,857
GDX	03/14/2022	S	-	In-Kind	619,659
GDX	03/14/2022	B	1,903,161.11	-	985,353
GDX	03/15/2022	B	-	In-Kind	166,575
GDX	03/16/2022	B	-	In-Kind	113,254
GDX	03/17/2022	B	-	In-Kind	519,792
GDX	03/18/2022	B	17,334,028.37	-	8,928,816
GDX	03/21/2022	S	-	In-Kind	204,464
GDX	03/22/2022	S	-	In-Kind	86,493
GDX	03/23/2022	S	-	In-Kind	471,840
GDX	03/29/2022	S	-	In-Kind	204,464
GDX	03/30/2022	S	-	In-Kind	157,280
GDX	04/07/2022	B	-	In-Kind	62,920
GDX	04/11/2022	B	-	In-Kind	298,870
GDX	04/12/2022	B	-	In-Kind	31,460
GDX	04/13/2022	B	-	In-Kind	15,728
GDX	04/14/2022	B	-	In-Kind	86,504
GDX	04/18/2022	B	-	In-Kind	78,640
GDX	04/19/2022	B	-	In-Kind	385,336
GDX	04/20/2022	B	-	In-Kind	275,240
GDX	04/21/2022	B	-	In-Kind	62,912
GDX	04/22/2022	B	-	In-Kind	432,520
GDX	04/27/2022	B	-	In-Kind	39,320
GDX	04/29/2022	B	-	In-Kind	94,368
GDX	05/02/2022	S	-	In-Kind	62,904
GDX	05/03/2022	B	-	In-Kind	243,753
GDX	05/05/2022	S	-	In-Kind	31,452
GDX	05/09/2022	S	-	In-Kind	125,808
GDX	05/10/2022	S	-	In-Kind	243,722
GDX	05/12/2022	S	-	In-Kind	1,973,362
GDX	05/18/2022	S	-	In-Kind	31,448

This is Annexure A of 3 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
GDX	05/19/2022	B	-	In-Kind	23,586
GDX	05/20/2022	S	-	In-Kind	125,920
GDX	05/24/2022	B	-	In-Kind	173,140
GDX	05/25/2022	S	-	In-Kind	78,700
GDX	05/26/2022	S	-	In-Kind	70,830
GDX	05/27/2022	S	-	In-Kind	15,754
GDX	05/31/2022	S	-	In-Kind	78,770
GDX	06/01/2022	S	-	In-Kind	338,840
GDX	06/02/2022	B	-	In-Kind	31,564
GDX	06/03/2022	S	-	In-Kind	173,602
GDX	06/06/2022	B	-	In-Kind	7,891
GDX	06/08/2022	B	-	In-Kind	78,900
GDX	06/13/2022	B	-	In-Kind	94,680
GDX	06/14/2022	B	-	In-Kind	47,340
GDX	06/14/2022	B	330,777.36	-	188,959
GDX	06/15/2022	B	9,263.98	-	5,290
GDX	06/15/2022	B	-	In-Kind	252,480
GDX	06/16/2022	B	-	In-Kind	426,168
GDX	06/17/2022	B	-	In-Kind	102,609
GDX	06/17/2022	B	17,656,578.47	-	9,310,938
GDX	06/22/2022	S	-	In-Kind	108,672
GDX	06/27/2022	S	-	In-Kind	298,848
GDX	06/29/2022	B	-	In-Kind	144,880
GDX	07/05/2022	S	-	In-Kind	27,174
GDX	07/06/2022	S	-	In-Kind	344,166
GDX	07/08/2022	S	-	In-Kind	389,451
GDX	07/14/2022	B	-	In-Kind	36,224
GDX	07/15/2022	B	-	In-Kind	389,408
GDX	07/20/2022	B	-	In-Kind	570,528
GDX	07/21/2022	B	-	In-Kind	298,848
GDX	07/22/2022	B	-	In-Kind	326,016
GDX	07/26/2022	B	-	In-Kind	307,870
GDX	07/27/2022	B	-	In-Kind	742,510
GDXJ	09/22/2021	B	-	In-Kind	170,737
GDXJ	10/04/2021	B	-	In-Kind	219,762
GDXJ	10/13/2021	B	-	In-Kind	73,224
GDXJ	10/15/2021	B	-	In-Kind	122,025
GDXJ	10/19/2021	S	-	In-Kind	146,430
GDXJ	10/21/2021	S	-	In-Kind	97,612
GDXJ	10/22/2021	S	-	In-Kind	219,627
GDXJ	10/25/2021	S	-	In-Kind	195,216
GDXJ	11/10/2021	B	-	In-Kind	170,618
GDXJ	11/12/2021	B	-	In-Kind	170,618

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
GDXJ	11/16/2021	B	-	In-Kind	291,924
GDXJ	12/07/2021	B	-	In-Kind	24,342
GDXJ	12/16/2021	S	-	In-Kind	560,257
GDXJ	12/17/2021	B	4,368,449.57	-	2,789,389
GDXJ	01/06/2022	S	-	In-Kind	359,450
GDXJ	01/10/2022	S	-	In-Kind	128,380
GDXJ	01/27/2022	S	-	In-Kind	51,278
GDXJ	01/31/2022	S	-	In-Kind	51,412
GDXJ	01/31/2022	B	233,878.80	-	160,629
GDXJ	02/02/2022	B	-	In-Kind	128,355
GDXJ	02/04/2022	S	-	In-Kind	102,688
GDXJ	02/10/2022	S	-	In-Kind	154,020
GDXJ	02/11/2022	S	-	In-Kind	256,690
GDXJ	02/14/2022	B	-	In-Kind	205,440
GDXJ	02/23/2022	B	818,864.71	-	514,649
GDXJ	02/25/2022	S	-	In-Kind	207,816
GDXJ	03/03/2022	B	-	In-Kind	519,940
GDXJ	03/04/2022	B	-	In-Kind	129,970
GDXJ	03/08/2022	B	2,623,475.15	-	1,398,208
GDXJ	03/09/2022	B	-	In-Kind	53,364
GDXJ	03/09/2022	S	-	In-Kind	159,594
GDXJ	03/18/2022	S	4,537,443.94	-	2,340,527
GDXJ	03/21/2022	B	-	In-Kind	204,432
GDXJ	03/29/2022	S	-	In-Kind	153,342
GDXJ	04/06/2022	S	-	In-Kind	153,378
GDXJ	04/21/2022	B	-	In-Kind	203,856
GDXJ	04/26/2022	S	-	In-Kind	152,940
GDXJ	04/27/2022	S	-	In-Kind	280,412
GDXJ	05/03/2022	S	-	In-Kind	534,492
GDXJ	05/05/2022	B	-	In-Kind	203,624
GDXJ	05/09/2022	S	-	In-Kind	305,448
GDXJ	05/10/2022	S	-	In-Kind	254,560
GDXJ	05/12/2022	S	-	In-Kind	305,484
GDXJ	05/13/2022	S	-	In-Kind	509,260
GDXJ	05/17/2022	S	-	In-Kind	101,828
GDXJ	05/20/2022	S	-	In-Kind	152,826
GDXJ	05/26/2022	S	-	In-Kind	178,339
GDXJ	05/27/2022	S	-	In-Kind	101,916
GDXJ	05/31/2022	S	-	In-Kind	101,916
GDXJ	06/01/2022	S	-	In-Kind	305,688
GDXJ	06/06/2022	S	-	In-Kind	204,784
GDXJ	06/06/2022	B	223,228.76	-	116,487
GDXJ	06/07/2022	S	-	In-Kind	51,204

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
GDXJ	06/10/2022	S	-	In-Kind	179,207
GDXJ	06/13/2022	B	-	In-Kind	127,980
GDXJ	06/14/2022	B	-	In-Kind	127,980
GDXJ	06/15/2022	B	-	In-Kind	127,975
GDXJ	06/15/2022	B	39,288.73	-	22,435
GDXJ	06/17/2022	B	11,813,992.73	-	6,229,936
GDXJ	06/17/2022	B	-	In-Kind	512,460
GDXJ	06/20/2022	S	35,904.52	-	19,412
GDXJ	06/22/2022	B	-	In-Kind	228,504
GDXJ	06/23/2022	B	-	In-Kind	545,357
GDXJ	06/28/2022	B	-	In-Kind	114,656
GDXJ	06/29/2022	B	-	In-Kind	429,975
GDXJ	07/06/2022	B	-	In-Kind	315,480
GDXJ	07/11/2022	S	-	In-Kind	200,753
GDXJ	07/13/2022	B	-	In-Kind	344,376
GDXJ	07/14/2022	B	-	In-Kind	286,950
GDXJ	07/15/2022	B	-	In-Kind	200,886
GDXJ	07/18/2022	B	-	In-Kind	286,980
GDXJ	07/19/2022	B	-	In-Kind	286,970
GDXJ	07/21/2022	B	-	In-Kind	286,960
GDXJ	07/22/2022	B	-	In-Kind	286,950
GDXJ	07/25/2022	B	-	In-Kind	143,470
GDXJ	07/27/2022	B	-	In-Kind	401,702
HAP	06/17/2022	B	76,889.95	-	40,563
HAP	07/12/2022	S	-	In-Kind	4,445
UCTGDX	10/06/2021	B	24,219.11	-	16,702
UCTGDX	10/13/2021	B	12,144.86	-	7,835
UCTGDX	10/29/2021	B	39,460.89	-	24,974
UCTGDX	11/02/2021	B	19,607.20	-	12,409
UCTGDX	11/16/2021	B	28,479.88	-	15,562
UCTGDX	11/29/2021	B	240,468.80	-	140,618
UCTGDX	12/08/2021	S	170,935.71	-	109,932
UCTGDX	12/17/2021	S	463,598.98	-	296,259
UCTGDX	01/28/2022	S	50,290.60	-	34,213
UCTGDX	02/04/2022	B	66,745.00	-	43,622
UCTGDX	02/23/2022	B	171,822.40	-	108,059
UCTGDX	02/28/2022	B	402,186.24	-	220,365
UCTGDX	02/28/2022	B	65,044.43	-	35,639
UCTGDX	03/01/2022	B	48,620.35	-	28,768
UCTGDX	03/02/2022	B	50,521.53	-	28,868
UCTGDX	03/03/2022	B	13,914.20	-	7,883
UCTGDX	03/08/2022	B	14,515.11	-	7,741
UCTGDX	03/08/2022	B	53,595.81	-	28,583

This is Annexure A of 2 pages referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
UCTGDX	03/08/2022	B	14,515.83	-	7,741
UCTGDX	03/08/2022	B	22,374.74	-	11,932
UCTGDX	03/10/2022	S	84,322.28	-	44,150
UCTGDX	03/11/2022	B	14,680.13	-	7,726
UCTGDX	03/15/2022	S	68,009.36	-	36,566
UCTGDX	03/15/2022	S	27,176.96	-	14,612
UCTGDX	03/16/2022	S	267,993.76	-	142,557
UCTGDX	03/18/2022	B	1,140,942.72	-	588,056
UCTGDX	03/22/2022	S	17,061.45	-	8,795
UCTGDX	03/30/2022	B	18,570.78	-	9,523
UCTGDX	04/07/2022	S	51,945.40	-	29,600
UCTGDX	04/22/2022	B	18,117.82	-	9,387
UCTGDX	04/26/2022	B	15,899.95	-	8,457
UCTGDX	05/12/2022	S	71,669.50	-	42,285
UCTGDX	05/20/2022	B	17,451.08	-	9,641
UCTGDX	05/23/2022	B	15,350.23	-	8,457
UCTGDX	05/27/2022	B	33,190.57	-	17,422
UCTGDX	05/31/2022	B	18,539.57	-	9,556
UCTGDX	06/01/2022	S	34,705.56	-	18,267
UCTGDX	06/10/2022	B	35,360.82	-	19,113
UCTGDX	06/15/2022	B	29,939.28	-	16,914
UCTGDX	06/16/2022	B	62,868.58	-	34,166
UCTGDX	06/17/2022	B	1,105,088.79	-	583,102
UCTGDX	06/21/2022	B	33,978.60	-	19,471
UCTGDX	06/22/2022	B	17,803.38	-	10,202
UCTGDX	06/27/2022	S	16,596.52	-	9,735
UCTGDX	06/29/2022	B	33,277.14	-	20,668
UCTGDX	07/15/2022	B	22,057.58	-	13,872
UCTGDX	07/25/2022	S	18,234.19	-	10,790
UCTGDX	07/26/2022	B	124,305.41	-	77,687
UCTGDX	07/26/2022	B	47,043.95	-	29,401
UCTGDXJ	10/15/2021	B	40,076.15	-	23,434
UCTGDXJ	10/19/2021	B	68,957.21	-	40,799
UCTGDXJ	11/09/2021	B	416,691.95	-	253,006
UCTGDXJ	11/15/2021	S	23,386.86	-	12,816
UCTGDXJ	11/16/2021	B	48,201.53	-	26,337
UCTGDXJ	11/17/2021	B	36,688.49	-	20,324
UCTGDXJ	11/19/2021	B	39,791.40	-	21,982
UCTGDXJ	11/22/2021	B	35,484.60	-	20,013
UCTGDXJ	12/07/2021	S	276,535.20	-	188,138
UCTGDXJ	12/17/2021	B	658,567.77	-	420,768
UCTGDXJ	12/22/2021	B	74,319.26	-	46,737
UCTGDXJ	12/23/2021	B	39,182.21	-	24,259

Page 8 6 of

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
UCTGDXJ	01/20/2022	S	324,018.73	-	206,402
UCTGDXJ	01/24/2022	S	301,280.78	-	200,393
UCTGDXJ	02/01/2022	B	15,693.07	-	10,461
UCTGDXJ	02/02/2022	S	201,823.26	-	130,643
UCTGDXJ	02/23/2022	B	114,453.28	-	71,976
UCTGDXJ	03/08/2022	B	166,936.69	-	89,024
UCTGDXJ	03/09/2022	S	93,999.56	-	48,963
UCTGDXJ	03/11/2022	B	148,541.25	-	76,560
UCTGDXJ	03/17/2022	S	48,948.42	-	26,039
UCTGDXJ	03/18/2022	S	470,754.06	-	242,681
UCTGDXJ	04/12/2022	S	24,183.47	-	12,763
UCTGDXJ	04/22/2022	S	15,448.11	-	8,005
UCTGDXJ	05/02/2022	S	20,044.88	-	10,228
UCTGDXJ	05/17/2022	S	186,440.10	-	107,265
UCTGDXJ	06/09/2022	B	48,039.26	-	25,348
UCTGDXJ	06/17/2022	B	1,272,191.44	-	671,274
UCTGDXJ	06/20/2022	S	37,669.49	-	20,249
UCTGDXJ	06/24/2022	B	50,741.63	-	29,498
UCTGDIG	10/25/2021	B	7,566.13	-	4,557
UCTGDIG	10/27/2021	B	8,764.27	-	5,343
UCTGDIG	10/28/2021	B	8,819.01	-	5,426
UCTGDIG	01/12/2022	B	9,382.16	-	6,013
UCTGDIG	01/14/2022	B	28,559.47	-	18,072
UCTGDIG	01/20/2022	B	45,854.74	-	29,201
UCTGDIG	01/21/2022	B	8,676.92	-	5,615
UCTGDIG	01/21/2022	B	8,389.49	-	5,429
UCTGDIG	01/31/2022	B	13,238.79	-	9,097
UCTGDIG	02/01/2022	B	17,002.05	-	11,640
UCTGDIG	02/14/2022	B	14,573.81	-	9,431
UCTGDIG	03/02/2022	B	13,500.45	-	7,713
UCTGDIG	03/04/2022	B	65,549.49	-	36,009
UCTGDIG	03/09/2022	B	67,553.35	-	35,177
UCTGDIG	03/11/2022	B	40,270.95	-	21,191
UCTGDIG	03/14/2022	B	11,933.65	-	6,182
UCTGDIG	03/14/2022	B	11,933.65	-	6,182
UCTGDIG	03/18/2022	S	11,570.77	-	5,967
UCTGDIG	03/21/2022	B	11,394.62	-	5,949
UCTGDIG	04/22/2022	B	16,676.60	-	8,639
UCTGDIG	05/04/2022	B	18,924.60	-	9,753
UCTGDIG	05/31/2022	B	17,127.80	-	8,827
UCTGDIG	06/21/2022	S	29,420.05	-	16,863
UCTGDIG	06/28/2022	S	63,755.82	-	37,720
UCTGDIG	07/07/2022	S	32,958.16	-	20,930

This is Annexure A of 1 page referred to in Form 604 - Notice of change of interests of substantial holder.

Holder of relevant			Consideration	Consideration
interest	Date of Acquisition	B/S	Cash	Non-Cash	Number of Securities
GDXAU	05/12/2022	B	2,785,514.88	-	1,643,158
GDXAU	05/13/2022	S	690.00	-	409
GDXAU	05/16/2022	S	15,976.46	-	9,428
GDXAU	05/19/2022	B	10,506.65	-	6,002
GDXAU	05/23/2022	B	8,575.08	-	4,723
GDXAU	06/06/2022	B	9,949.00	-	5,194
GDXAU	06/09/2022	S	35,848.23	-	18,922
GDXAU	06/17/2022	B	466,475.68	-	246,149
GDXAU	06/29/2022	S	8,735.29	-	5,427
GDXAU	07/05/2022	B	9,233.71	-	5,431
In-Kind transactions result from receiving a basket of securities (including PERSEUSMININGLTD) in exchange for securities in the above ETFs.